Ronald W. Penczek Sells 820 Shares of Anthem Inc. (ANTM) Stock
Anthem Inc. (NYSE:ANTM) SVP Ronald W. Penczek sold 820 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $138.29, for a total value of $113,397.80. Following the completion of the sale, the senior vice president now directly owns 1,320 shares in the company, valued at $182,542.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Anthem Inc. (NYSE:ANTM) opened at 143.62 on Thursday. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 16.86 and a beta of 0.57. The stock’s 50 day moving average is $126.84 and its 200 day moving average is $129.36. Anthem Inc. has a 12-month low of $114.85 and a 12-month high of $148.00.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, November 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by $0.02. The business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.77 billion. Anthem had a net margin of 2.74% and a return on equity of 11.64%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.73 earnings per share. Equities analysts predict that Anthem Inc. will post $10.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 1st. Anthem’s dividend payout ratio is 30.52%.
ANTM has been the topic of several recent analyst reports. Zacks Investment Research raised Anthem from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Wolfe Research raised Anthem from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Jefferies Group cut Anthem from a “buy” rating to a “hold” rating and cut their target price for the stock from $156.00 to $138.00 in a research note on Tuesday, September 13th. Barclays PLC cut their target price on Anthem from $158.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. cut Anthem from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $154.00 to $132.00 in a research note on Monday, October 17th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $158.05.
Several hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in shares of Anthem by 0.3% in the third quarter. Advisory Services Network LLC now owns 2,208 shares of the company’s stock valued at $277,000 after buying an additional 6 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Anthem by 0.3% in the third quarter. Savant Capital LLC now owns 3,952 shares of the company’s stock valued at $495,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of Anthem by 0.7% in the third quarter. Alpha Windward LLC now owns 1,661 shares of the company’s stock valued at $208,000 after buying an additional 11 shares in the last quarter. New York Life Trust Co. boosted its stake in shares of Anthem by 2.0% in the third quarter. New York Life Trust Co. now owns 975 shares of the company’s stock valued at $122,000 after buying an additional 19 shares in the last quarter. Finally, Financial Architects Inc boosted its stake in shares of Anthem by 2.7% in the second quarter. Financial Architects Inc now owns 839 shares of the company’s stock valued at $111,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
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Anthem Company Profile
Anthem, Inc is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. The Company has three segments: Commercial and Specialty Business, Government Business and Other. The Company’s Commercial and Specialty Business, and Government Business segments offer managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service (POS) plans, as well as various hybrid benefit plans, including consumer-driven health plans (CDHPs), hospital only and limited benefit products.
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